Low Mileage Can Result In Less Expensive Insurance Rates

The drive less-save more programs encourage drivers to spend less time on the road, leading to fewer accidents which will cost insurers less money which can be used to help save for your debt settlement negotiation. In the past, low mileage drivers were offered no incentive and were expected to pay the same car insurance as everyone else. Now, with some plans, drivers who log less than 2,500 miles a term may save as much as 5 to 25 percent on their insurance bill. If you drive less than 15,000 miles annually, a deeper discount may apply.

It is wise to call your insurance company to see if they offer a drive less-save more program. All drivers may not be eligible and plans and requirements vary depending on company. Also, if your insurer does offer the program, some states may be exempt. One plan requires you to have an OnStar-equipped General Motors vehicle. OnStar, a navigation and safety system, is used to verify mileage driven and automatically report the vehicle's odometer reading at the beginning and end of the owner's insurance policy term. Not all plans require ownership of a GM vehicle, however.

Call your insurance company to find out if they offer a low mileage discount. It is suggested that prior to signing up drivers are aware and comply with the methods the insurer uses to collect mileage information.